News about buyers

PETALING JAYA (Nov 29): The National House Buyers Association (HBA) advised developers who can't complete their housing projects in time and in accordance with sales contracts to leave the industry, Malaysiakini reported today.

PETALING JAYA (Nov 27): A total of 536 Extension of Time (EOT) aprovals were granted by the Controller of Housing and the Ministry of Urban Wellbeing, Housing and Local Government (KPKT) since 2014, according to data collated by the National House Buyers Association (HBA).

KUALA LUMPUR (Nov 12): Chinese buyers accounted for RM8.

PETALING JAYA (Nov 8): The National House Buyers Association (HBA) criticised the government after the Housing and Local Government Ministry revealed the high number of extensions of time (EOT) approvals given to property developers since 2018, Free Malaysia Today reported today.

MELAKA (Nov 5): There is no need for the state government to reduce the selling price threshold for foreign purchases of condominiums and apartments in Melaka from RM500,000 per unit to RM400,000 per unit, said Melaka Chief Minister Adly Zahari.

PETALING JAYA (Oct 30): The Selangor branch of Real Estate and Housing Developers’ Association (Rehda) is in favour of the state reducing the threshold price for foreigners buying high-rise properties, and is currently in discussions with the state government, according to its chairman Zulkifly Garib.

KUALA LUMPUR (Oct 30): A Hong Kong daily has reported that Malaysia is “luring foreign buyers” of unsold homes, “targeting wealthy mainland Chinese and Hong Kong residents”.

KUALA LUMPUR (Oct 24): Economist Muhammed Abdul Khalid said the government should not adjust the price threshold for foreigners to buy houses and let the property market adjust itself, according to a report today in Free Malaysia Today.

SEREMBAN (Oct 23): The Negeri Sembilan state government is studying the possibility of lowering the existing price ceiling of RM2 million for both unsold strata and landed residences, for foreign purchasers.

GEORGE TOWN (Oct 21): The Penang government has proposed that the price threshold for foreigners to purchase urban high-end properties in the state to be set at RM800,000, compared to RM600,000 announced by Finance Minister Lim Guan Eng during the 2020 Budget.